Peapack Gladstone Financial Corp Takes Position in FS KKR Capital Corp. (NYSE:FSK)

Peapack Gladstone Financial Corp purchased a new position in FS KKR Capital Corp. (NYSE:FSK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,537 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FSK. McIlrath & Eck LLC boosted its holdings in FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after acquiring an additional 675 shares during the period. Jones Financial Companies Lllp lifted its stake in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock worth $51,000 after acquiring an additional 1,554 shares during the period. FNY Investment Advisers LLC purchased a new position in FS KKR Capital during the 4th quarter valued at $52,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in FS KKR Capital by 122.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of FS KKR Capital in the 4th quarter worth about $69,000. Hedge funds and other institutional investors own 36.26% of the company's stock.

Analysts Set New Price Targets

FSK has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company cut shares of FS KKR Capital from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $21.00 to $19.00 in a research report on Monday, March 17th. Royal Bank of Canada upped their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.70.

FS KKR Capital Stock Up 2.1 %

Shares of FSK stock traded up $0.41 during mid-day trading on Tuesday, hitting $19.30. The company's stock had a trading volume of 396,616 shares, compared to its average volume of 1,479,573. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 10.26 and a beta of 0.98. The business has a 50-day moving average price of $21.68 and a 200 day moving average price of $21.47. FS KKR Capital Corp. has a 52-week low of $17.42 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. Research analysts predict that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 14.51%. The ex-dividend date was Wednesday, March 19th. FS KKR Capital's dividend payout ratio is currently 122.49%.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.